I have a lot to learn

I exited 1 of my 2 positions today, the EUR/USD.  Last Friday,
I was attempting to hedge my Sterling position that was down 200+ pips
by shorting the EUR/USD.  I got impatient with the EURO as it was
down +30 pips in Sunday/Monday trading .  I set a stop last night
before going to bed at the price I got in at and it triggered this
morning.  So I didn’t gain or lose anything.

I’m still stuck in my GBP/USD position which has turned into a
huge mistake, down 274 pips as I write this.  It just shows that
if
you lose your discipline with money management techniques, it’s really
hard to correct.   If I would have stuck with my 30 pip
stop/loss technique, I would actually be trading right now. 
Instead I’m just sitting here crossing my fingers which is no way to be
successful as a forex trader.   I know I should just
exit this position and take the loss but it is so hard to do right
now.  I just keep hoping the Sterling will make a comeback. 
I promise to never to fall in love with an open position again. 

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